S-Space College of Social Sciences (사회과학대학) Institute of Economics Research (경제연구소) Seoul Journal of Economics Seoul Journal of Economics vol.12(2) (Summer 1999)
The Second Economy in North Korea
- Chun, HongTack
- Issue Date
- Seoul Journal of Economics, Vol.12 No.2, pp. 173-194
- This paper shows that the second economy plays a significant role in North Korea and complete picture of total economy cannot be obtained if one looks at only the planned sector of the economy. It also shows that presence of the second economy puts pressure on the first economy for change and the expansion of the second economy results in rising tensions between the first (planned) and the second (private) economy and undermining the socialist values.